The Looming Budget Battle over the Bank Tax
May 04, 2010 at 16:34 PM EDT
Treasury Secretary Tim Geithner appeared before the Senate Finance Committee today to push the Administration’s proposal for a Financial Crisis Responsibility Fee, more commonly known as the Bank Tax. The purpose of the fee is to [M]ake sure that the direct costs of TARP are paid for by the major financial institutions, not by the taxpayer. [...]